Global Internet of Things (IoT) Security Market, By Component (Solutions, Services), Type (Network Security, Endpoint Security, Application Security, Cloud Security, Others), Application Area (Smart Manufacturing, Smart Energy and Utilities, Connected Logistics, Smart Home and Consumer Electronics, Connected Healthcare, Smart Government and Defense, Consumer Wearables, Connected Vehicles, Smart Transportation, Smart Retail, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Internet of Things (IoT) Security Market
The internet of things (IoT) security market is expected to witness market growth at a rate of 11.20% in the forecast period of 2021 to 2028 and is expected to reach USD 3,654.70 million by 2028. Data Bridge Market Research report on internet of things (IoT) security market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the aviation sector is escalating the growth of aviation analytics market.
IoT security can be referred to as the the technological area related to the mitigating cyber threats concerning the connected devices and networks in the Internet of Things. Additionally, the IoT requires the adding of internet connectivity to a system of digital machines, mechanical machine, interrelated computing devices, objects, and people.
Major factors that are expected to boost the internet of things (IoT) security market in the forecast period are the rise in the number of ransomware attacks on the IoT devices to be a critical threat around the world. Furthermore, the increase in the number of IoT security guidelines is further anticipated to propel the growth of the internet of things (IoT) security market. Moreover, the increase in the concerning issues regarding the critical infrastructure is further estimated to cushion the growth of the internet of things (IoT) security market. On the other hand, the considerable rise in the new variations of IoT threats and absence of alertness is further projected to impede the growth of the internet of things (IoT) security market in the timeline period.
In addition, the rise in the threats regarding in the IoT networks will further provide potential opportunities for the internet of things (IoT) security market in the coming years. However, the absence of awareness regarding the security risks and low security budget might further challenge the growth of the internet of things (IoT) security market in the near future.
This internet of things (IoT) security market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on internet of things (IoT) security market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Internet of Things (IoT) Security Market Scope and Market Size
The internet of things (IoT) security market is segmented on the basis of component, type, and application area. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the internet of things (IoT) security market is segmented into solutions, services.
- On the basis of type, the internet of things (IoT) security market is segmented into network security, endpoint security, application security, cloud security, others.
- On the basis of application area, the internet of things (IoT) security market is segmented into smart manufacturing, smart energy and utilities, connected logistics, smart home and consumer electronics, connected healthcare, smart government and defense, consumer wearables, connected vehicles, smart transportation, smart retail, others.
Internet of Things (IoT) Security Market Country Level Analysis
The internet of things (IoT) security market is analysed and market size, volume information is provided by country, component, type, and application area as referenced above.
The countries covered in the internet of things (IoT) security market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the internet of things (IoT) security market due to the widespread deployment of IoT devices across numerous domains and countries. Furthermore, the implementation of governing frameworks will further boost the internet of things (IoT) security market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of the internet of things (IoT) security market due to the increase in the mobile workforce.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Internet of Things (IoT) Security Market Share Analysis
The internet of things (IoT) security market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to internet of things (IoT) security market.
The major players covered in the internet of things (IoT) security market report are Cisco Systems, Inc., IBM, Intel Corporation, Infineon Technologies AG, Symantec Corporation, Gemalto NV, Allot, Fortinet, Inc., Zingbox, Mocana, SecuriThings, CENTRI Technology, Armis, Inc., ForgeRock, NewSky Security, McAfee, LLC, AT&T Intellectual Property, Check Point Software Technologies Ltd., Trustwave Holdings, Inc, Verizon, PTC, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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